2275 Tamarack StLake OdessaMI48849
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 2275 Tamarack St, Lake Odessa, MI, 48849 in Lake Odessa earns a 10.55% gross yield at $145,000. Rent of $1,274/mo nets $297/mo after the $652/mo mortgage. The 1.95 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $40,061 and $1,335/yr in equity accumulation project a total cumulative return of $74,470.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.8% |
| Monthly Cash Flow | $297 | $500 |
City averages based on Lake Odessa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,274 |
| Total Monthly Debt Service | $919 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1966
0.44 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48849, Lake Odessa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,010 (77.4%) |
| Renter Occupied HU | 347 (13.4%) |
| Vacant Housing Units | 241 ( 9.3%) |
| Median Home Value | $237,500 |
| Average Home Value | $271,979 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,259
Multi-Family
81
Businesses
152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Manufactured
Built in 1966
0.44 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48849, Lake Odessa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,010 (77.4%) |
| Renter Occupied HU | 347 (13.4%) |
| Vacant Housing Units | 241 ( 9.3%) |
| Median Home Value | $237,500 |
| Average Home Value | $271,979 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,259
Multi-Family
81
Businesses
152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi L Strimback • Barry County Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25028985
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.